The market for insulators in GCC is forecast to cross US$ 409 million by 2021, on account of robust expansion of transmission and distribution (T&D) network.

Continuing increase in energy consumption across the GCC region has resulted in higher capital expenditure in transmission and distribution over the last decade, resulting in boosting demand for insulators. Demand for electricity has been growing in the region due to fast growing population base, rapid industrialization, increasing real estate development, and rising number of transportation and utility projects.

Additionally, increasing inclination of GCC countries to diversify their economies by focusing on non-oil sectors such as infrastructure, railways and real estate is driving demand for electricity, and thereby resulting in expansion of power transmission and distribution infrastructure in the region. Development of distribution lines to address the rising electricity demand from end users is projected to fuel growth in the region's insulators market through 2021.

Few of the major factors propelling expansion of T&D network in the region include growing manufacturing sector, upcoming housing projects and increasing number of renewable energy projects. Furthermore, majority of GCC nations are increasing focus on upgrading their respective transmission and distribution networks in order to reduce energy related losses, thereby driving insulators market in the region.